The newly combined Company is owned by Azalea Capital, a private investment firm headquartered in Greenville, SC.
The new Star Packaging Corporation offers state-of-the-art manufacturing
capabilities and increased production capacity, which will provide
customers with greater flexibility and faster response times. Value
added products of the new Star include traditional printed rollstock and
laminations, along with stand-up pouch variations, rollstock with
transverse-direction zippers, and custom designed high-performance
laminations ideal for replacing rigid alternatives. These broad
capabilities provide greater flexibility to serve the pet food and
treat, fresh produce, food and beverage, snack, confectionery, bakery,
pool chemical, military packaging, personal care, pharmaceutical,
nutraceutical, and lawn and garden markets.
“Our combined industry expertise and manufacturing capabilities allow us
to proactively grow our business and provide our customers the quality,
the innovation and the speed they seek to bring industry leading
products to market. The enhanced financial strength that this merger
provides will enable a solid foundation for future growth,” says Fred
Crowe, President and CEO of the new Star. Mike Wilson, former owner of
Star, who will remain on the Board of the new Company, stated, “For our
employees, our customers, and our suppliers, everything will remain
business as usual, though our growth strategy going forward will now
include acquisitions. We are excited about this merger and the many
options it provides for the future”.
Master Packaging has 55 years of flexible packaging industry experience
and has been backed by Azalea Capital since 2006. Star Packaging,
formerly owned by the Wilson family, has over 35 years of experience in
the printing, laminating, and conversion of flexible packaging
materials.